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McCain’s Campaign Cash Totals

By Michael Luo February 20, 2008 3:54 pmFebruary 20, 2008 3:54 pm

By the end of January, Senator John McCain, who had struggled all of last year in raising money, brought in $11.7 million in contributions, close to the most he had ever raised in a three-month span previously, as Republican donors jumped on his bandwagon, according to filings with the Federal Election Commission.

Even with his January total, however, Mr. McCain had raised $49 million since his campaign began, far behind the nearly $140 million Senator Barack Obama on the Democratic side brought in through January. (See our earlier post today about the McCain-Obama debate over public financing for the general cycle.)

Nevertheless, Mr. McCain’s financial report for January illustrates the depths he rose from. With his hopes for the Republican nomination pinned almost entirely on winning New Hampshire in early January, Mr. McCain turned to what was left of a $4 million loan that he took out in November to bolster his final push there.

Mr. McCain, who emerged at the end of last month as the Republican front-runner, had already drawn down nearly $3 million from that loan in multiple installments in November and December to keep his flagging campaign afloat.

In early January, he pulled out another $950,000 — almost all of what was left in the loan—to help him in the homestretch for New Hampshire’s primary.

The infusion of cash enabled him to beat back Mitt Romney’s well-financed campaign in New Hampshire, setting Mr. McCain on the path to the nomination.

Mr. McCain finished the month with $5.2 million in cash on hand, although his campaign owes $5.5 million to various creditors.

At this point, however, he is the presumptive nominee of his party. His advisers said many former fundraisers for rival Republican campaigns are signing up to help Mr. McCain, and he is beginning to build a fundraising apparatus to be able to compete with the eventual Democratic nominee.

Now McCain, the new one, not the old one, favors torturing human beings. Has he never heard of the Geneva convention. I bet his Barbie doll wife is proud of this flip flop, and the republicans John is trying to please, too.

I guess one thing Mccain can earn in GOP credentials is his ability to borrow and spend. It makes sense he’d come out of this in debt.

Republicans have racked up trillions of dollars in debt for our nation that every american now owes to creditors like china.

Republicans are very expensive.

We need budget relief. We need for the money to stop going so much to military toys, republican cronies and republican debt service–and more to investing in ourselves and our future.

Is it a surprise 2-3X as many people are voting for democrats in each state compared to republicans? is it any surprise that democrats are out-raising republicans by so much even without the benefit of super rich republican style supporters?

“Senator John McCain, who had struggled all of last year in raising money, brought in $11.7 million in contributions, close to the most he had ever raised in a three-month span previously”.

Dr. Paul has raised over $6 million so far this month and has done it with almost zero media coverage. McCain’s foreign policy views are an economic nightmare. With inflationary pressures skyrocketing upwards and a recession looming, Mccain would be the worst choice to lead our country back to prosperity. McCain s going to get taken to town by conservative, fiscally responsible democrats this election cycle.

I had to laugh when I heard Little Mac dismiss Obama’s campaign of hope by saying that we had to use “sound and tried” ideas. I know from having talked to him on a call-in radio show, that he’s in favor of continuing the war on drugs. We’ve tried drug prohibition for the better part of a century. The result has been the emergence of increasingly powerful drug cartels, some of which control narcostates & fund international terrorists.
Decrminalization/regulation is clearly the more enlightened way of dealing with the drug problem. More of the same old tired ideas is the last thing we need!

The Long Run
For McCain, a Risky Confidence on Ethics
By JIM RUTENBERG, MARILYN W. THOMPSON, DAVID D. KIRKPATRICK and STEPHEN LABATON 28 minutes ago
John McCain’s relationship with a female lobbyist underscores a paradox: Even as he embraces high ethical standards, his confidence in his own integrity sometimes seems to blind him to potential conflicts of interest.

The Times is being set up just the way CBS was set up in 2004. Can’t you see it? The denials will fly fast and furious, the Right will unite behind McCain and against the Times, their favorite whipping post. Where is your proof? It better be good. If it isn’t and proves to be a hoax this could turn the whole tenor of the campaign. And if it is a hoax, will you have the courage to go after the hoaxer(s) and not like CBS blame everything on Rather and not the persons who perpetrated the hoax.

Senator John McCain has the wealthy republicans of California backing him, so he won’t exactly be a pauper. Besides which he has the daunting republican machinery to do the usual misdeeds of electioneering we all have seen.

And to top it all – there are those american voters who elected GW twice. I am more concerned about THEM than anything else. It will not be easy.

All the millions of dollars that many politicians borrow…..who do they borrow these huge sums of money without collateral….when a buyer for a three family home for $185,000. needs 20% down payment and the property is colleteral…and it needs to appraise at $185,000. or higher.

President Obama drew criticism on Thursday when he said, “we don’t have a strategy yet,” for military action against ISIS in Syria. Lawmakers will weigh in on Mr. Obama’s comments on the Sunday shows.Read more…